Working as an Actuarial Apprentice at Isio will require a good
level of numerical ability which will be assessed during our recruitment
process.
An actuarial career in
pensions requires a high level of both numeracy and communication skills – as
well as the enthusiasm and drive needed to gain professional qualifications
and succeed in a fast-moving market. Our clients value strong technical
knowledge in understanding the required capacity of pension funds.
Isio’s Actuarial Apprenticeship
programme offers the opportunity to get more insight and build valuable
experience of both technical actuarial knowledge and skills and effective
workplace skills.
What you will be doing
As an industry leader, we
offer a wide range of opportunities for graduates to train and build their
core consulting and analytical skills. But we also want to hear your views
and help you introduce fresh ways of thinking. Some of the things you’ll be
involved in as an actuarial Apprentice are below but remember, our work
stretches beyond pensions and that’s where we set ourselves apart.
Applying actuarial skills
and concepts to calculate the value of pension and other benefits for
employers and trustees.
Financial modelling and
risk analysis to help clients understand their future pension obligations and
principal risks.
Advising clients on their
pensions strategy and how to manage these risks, both on a day-to-day basis
and when considering a long-term objective.
Designing and
implementing employee communication programmes.
Helping clients
understand and manage accounting, tax and legislative changes that affect
their pension schemes.
Contributing to proposals
for new business opportunities.
Attending client meetings
and explaining the team’s work
During your
Apprenticeship you will get the opportunity to develop analytical skills
while observing how we effectively consult for our clients. You will get to
be involved in work we do to for our clients including:
Calculation work either
on an individual member or company basis.
Building financial models
involving statistical methods.
Drafting communication
materials.
Helping with identifying
and researching business opportunities.
Sharing knowledge with
colleagues throughout the Isio supporting our goal to continuously improve
the service we offer our clients.
Training and Development
We will support you in
working with our training partner to complete a Level 4 Actuarial Technician
Apprenticeship. Alongside this you will also benefit from in-house training
technical actuarial skills, knowledge, and key workplace skills.
After successful
completion of your Level 4 Apprenticeship the aim will be to support you in
achieving qualification as an Actuary as a Fellow of the Institute of
Actuaries through a Level 7 Apprenticeship.
Isio’s Apprenticeship
Programme is just the start. It will give you a strong foundation, great
client experience, professional training, and core consulting skills. Given
our exciting growth plans, there are opportunities to progress a really varied
career as an Actuary in Pensions as you build specialist skills and knowledge
in your field of interest (obviously this is subject to what our clients’
needs are too). Throughout your career you’ll be offered ongoing support and
opportunities to develop your expertise, both on challenging client projects
and through training.
As we extend beyond
pensions, and you move through your career you’ll also be given the
opportunity to branch out and broaden your horizons. Some of the extra
experiences you could get involved with include broader employee benefit
design and advice, financial coaching, and wealth management.
We also have a growing
Digital Solutions team, helping us innovate and using technology to drive
change in our industry through the development of digital risk management
tools, member engagement applications and other web-based software
applications.
We’re also considering
the use of AI and how big and complex data solutions can be applied across
the whole industry to help change it for the better.